Harvard applauses Danish high-tech money locomotive
19 March 2013
ICT and high tech industries
Researchers from Harvard Business School have visited the Danish National Advanced Technology Foundation to explore its accomplishments and importance. They applaud the Foundation for successfully linking research and business.
Harvard researchers have compared companies and projects under the Danish National Advanced Technology Foundation to a control group of similar companies in terms of development stage, size and business area.
According to the analysis, development projects with financing from the Foundation are more likely to survive. Funding reduces the risk of start-up companies going bankrupt by a factor of 2.7, taking stock four years later. Moreover, co-financing from the Foundation increases headcount with an average of 9.8 employees measured two years after a company has received funding.
Lots of patents
According to Harvard Business School, companies involved in projects supported by the Foundation also apply for more than five times as many patents as companies in the control group. And the number of patents acquired is four times higher for companies that have participated in projects funded by the Foundation.
-Numbers aren’t everything, but I believe it is safe to say that the Harvard analysis suggests a positive trend in the individual projects. In my opinion it is a recognition of our mindset and approach and of my colleagues’ daily work that all result in synergies, says Director of the Advanced Technology Foundation, Carsten Orth Gaarn-Larsen.
The work of the Harvard researchers has been published as a working paper, and key conclusions can be found in the Advanced Technology Foundation's annual report.